Apple's Stock Closed at All-Time High Today Ahead of Earnings Results Next Week
Apple's stock price closed at an all-time high of $139.07 today after reaching a new intraday record of $139.85 moments earlier.
The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year. Many analysts forecast that Apple's quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12 sales and the launch of several other products in the quarter, including the first three Macs with Apple silicon, HomePod mini, AirPods Max, and a redesigned iPad Air. Apple Fitness+ also launched last month and can be bundled with other services with Apple One.
Apple has thrived financially during the ongoing pandemic as many customers work, learn, and connect with others from home, leading to strong iPad and Mac sales in particular. Apple products are also popular gifts during the holidays.
Apple's earnings report will be released on Wednesday at 1:30 p.m. Pacific Time and will be followed by a conference call with Apple's CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. Pacific Time. Apple's current quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year.
Top Stories
Apple's shipments of wearables continued to grow year-on-year in the first quarter of 2021, but the company lost overall market share to smaller rivals, according to newly-published IDC data.
Companies shipped a total of 104.6 million units in the first quarter of this year, marking a 34.4 percent increase from the 77.8 million units shipped at the same time last year. This is also the first ...
Apple today updated its investor relations page to announce that earnings for the first fiscal quarter of 2021 (fourth calendar quarter) will be shared on Wednesday, January 27.
The first quarter earnings call will likely provide some insight into the sales of the iPhone 12 models, which were released in October, along with the M1 Macs that came out in November. Because the new iPhones were...
Apple has announced that it will report its earnings results for the third quarter of fiscal 2020 on Thursday, July 30.
The quarter began on March 29, just over two weeks after the World Health Organization declared COVID-19 a global pandemic. Apple did not provide guidance for the quarter due to these uncertain times, but analysts expect the company to report revenue of $51.4B on average,...
Apple is set to report its earnings results for the first quarter of the 2021 fiscal year on Wednesday, January 27, and many analysts forecast that the company's quarterly revenue will exceed $100 billion for the first time. Apple's currently quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year.
In an investor note shared with MacRumors, Monness Crespi...
Wednesday April 21, 2021 4:34 am PDT by
Sami FathiDespite only being released in November, sales of the M1-powered MacBook Air, MacBook Pro, and Mac mini now represent the majority of Mac sales, outperforming Mac computers powered by Intel processors, according to Apple CEO Tim Cook.
Cook made the remarks during Apple's "Spring Loaded" event yesterday, where it introduced a completely redesigned 24-inch iMac powered by the M1 Apple silicon...
Apple's services category, which includes the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, Apple Fitness, and more, saw record growth during the second fiscal quarter of 2021 (first calendar quarter). According to Apple's earnings report, the services segment brought in $16.9 billion, up 27 percent from the $13.4 billion in revenue...
During today's earnings call, Apple CEO Tim Cook was today asked about iPhone 12 sales and which iPhones were the most popular with consumers during the quarter. He confirmed that the iPhone 12 was the most popular, and sales of the iPhone 12 Pro and Pro Max were also strong, but there was no mention of iPhone 12 mini sales.
iPhone 12, of the family, it's the most popular. We saw very strong ...
Update: iOS 14.5 is now available. Our full coverage:
Apple Releases iOS 14.5 and iPadOS 14.5 With Apple Watch iPhone Unlocking, Dual-SIM 5G Support, Apple Maps Accident Crowdsourcing and Tons More How to Unlock Your iPhone With Your Apple Watch When Wearing a Mask Apple Releases watchOS 7.4 With iPhone Unlocking, Apple Fitness+ AirPlay 2 Support
Apple Releases macOS Big Sur 11.3 With M1...
Apple has announced that it will report its earnings results for the second quarter of the 2021 fiscal year on Wednesday, April 28. The earnings report should be released at 1:30 p.m. Pacific Time, followed by a conference call at 2:00 p.m. Pacific Time with Apple's CEO Tim Cook and CFO Luca Maestri to discuss the results in more detail.
The earnings report will provide an overview of...
Apple is cutting production of its ultra-popular AirPods by around 25% to 30% due to a decrease in sales as a result of increased competition in the wireless earphone industry, according to a new report from Nikkei Asia.
According to the report, citing sources familiar with Apple's production plans, the tech giant now plans to produce only roughly 75 to 85 million units of AirPods for the...
Top Rated Comments
<== AAPL shareholder since 1996:)